PTS Posted May 16, 2012 Share Posted May 16, 2012 (edited) So what is everyone's take on the big Facebook IPO? Right now it's anticipated to be at the $34-$38 range. Who knows what it will be once it gets to the general public. I recently made some money on the sale of my old home so I will be sinking in $10k. I was on the fence last year about getting in on LinkedIn when it came out and I'm sorry everyday I didn't. The IPO is tentatively scheduled for Friday. One of my good friends and former colleagues works for Adobe in NYC. They were notified today that Facebook might go up as early as tomorrow. My plan is to buy ASAP, sell it at it's initial spike and re-buy it when it comes back down to Earth. Assuming it follows that path. Edited May 16, 2012 by PTS Link to comment Share on other sites More sharing options...
Mr Info Posted May 16, 2012 Share Posted May 16, 2012 Careful, I noticed that GM pulling ads from fb Earlier news this year that Gap, J.C. Penney, Nordstrom and GameStop have all opened and closed shops on Facebook within the past year: Bloomberg report on fb closings Just FYI for due diligence. Link to comment Share on other sites More sharing options...
PTS Posted May 16, 2012 Author Share Posted May 16, 2012 Careful, I noticed that GM pulling ads from fb Earlier news this year that Gap, J.C. Penney, Nordstrom and GameStop have all opened and closed shops on Facebook within the past year: Bloomberg report on fb closings Just FYI for due diligence. Thanks, I've been following the news for a while. As crazy as it sounds, my push to buy the stock has little to do with Facebook the company and a lot to do with the hype. I think a lot of people will buy because they think Facebook will be the next Google or Apple. Maybe some day but they've got a long way to go. As I mentioned, I plan to buy right away (if the price makes sense) and sell it right away when it spikes. Link to comment Share on other sites More sharing options...
boyst Posted May 16, 2012 Share Posted May 16, 2012 Facebook is the devil. In 3 years it'll be gone. Google will hold on to the top for a while before the next google comes along. And I am betting that to be Mozzila. Link to comment Share on other sites More sharing options...
CowgirlsFan Posted May 16, 2012 Share Posted May 16, 2012 Facebook is the devil. In 3 years it'll be gone. Google will hold on to the top for a while before the next google comes along. And I am betting that to be Mozzila. In your opinion what will replace Facebook? Link to comment Share on other sites More sharing options...
Joe Miner Posted May 16, 2012 Share Posted May 16, 2012 In your opinion what will replace Facebook? FaceTV and then Faceinternet and then Faceface Link to comment Share on other sites More sharing options...
KD in CA Posted May 16, 2012 Share Posted May 16, 2012 I'd be shocked if there wasn't a nice initial run-up. Problem is knowing how long that run-up will last. I thought I was pretty smart when I bought Google on day one and dumped if after doubling my money. Oops. Link to comment Share on other sites More sharing options...
JinVA Posted May 16, 2012 Share Posted May 16, 2012 In your opinion what will replace Facebook? My Face Link to comment Share on other sites More sharing options...
Fan in San Diego Posted May 16, 2012 Share Posted May 16, 2012 I would stay away from FB. I heard a segment in CNN on 10 reasons why not to buy FB. Not going to last in my opinion. It will begin a decent to nowhere. Link to comment Share on other sites More sharing options...
NoSaint Posted May 16, 2012 Share Posted May 16, 2012 I would stay away from FB. I heard a segment in CNN on 10 reasons why not to buy FB. Not going to last in my opinion. It will begin a decent to nowhere. care to share any of the 10? Link to comment Share on other sites More sharing options...
Fan in San Diego Posted May 16, 2012 Share Posted May 16, 2012 care to share any of the 10? Here is it CNN top 10 reasons to not buy FB Link to comment Share on other sites More sharing options...
boyst Posted May 16, 2012 Share Posted May 16, 2012 In your opinion what will replace Facebook? Mozilla Link to comment Share on other sites More sharing options...
Fezmid Posted May 16, 2012 Share Posted May 16, 2012 FB is sitting on a treasure trove of data. With data mining using unclassified data (Hadoop, for example), they can probably predict nearly anything about anyone on their platform. It's a marketing company's dream... And there's lots of value in that. Link to comment Share on other sites More sharing options...
Chef Jim Posted May 17, 2012 Share Posted May 17, 2012 As an individual investor, how do you even get in on an IPO? I had always heard that individuals shouldn't bother, as they're too late to the game. You don't. Link to comment Share on other sites More sharing options...
John Adams Posted May 21, 2012 Share Posted May 21, 2012 So what is everyone's take on the big Facebook IPO? Right now it's anticipated to be at the $34-$38 range. Who knows what it will be once it gets to the general public. I recently made some money on the sale of my old home so I will be sinking in $10k. I was on the fence last year about getting in on LinkedIn when it came out and I'm sorry everyday I didn't. The IPO is tentatively scheduled for Friday. One of my good friends and former colleagues works for Adobe in NYC. They were notified today that Facebook might go up as early as tomorrow. My plan is to buy ASAP, sell it at it's initial spike and re-buy it when it comes back down to Earth. Assuming it follows that path. Or just buy ASAP and lose 15-20%. Oh well, only a couple grand lost at least. Link to comment Share on other sites More sharing options...
meazza Posted May 21, 2012 Share Posted May 21, 2012 Or just buy ASAP and lose 15-20%. Oh well, only a couple grand lost at least. Link to comment Share on other sites More sharing options...
Fan in San Diego Posted May 21, 2012 Share Posted May 21, 2012 Heard on the radio FB was at $33. Hopefully dude didn't buy 10K worth on Friday. Link to comment Share on other sites More sharing options...
Chef Jim Posted May 21, 2012 Share Posted May 21, 2012 Heard on the radio FB was at $33. Hopefully dude didn't buy 10K worth on Friday. I had a client call and say she wanted to buy some FB. I told her only if she was comfortable throwing that money out the window. Link to comment Share on other sites More sharing options...
DC Tom Posted May 21, 2012 Share Posted May 21, 2012 I had a client call and say she wanted to buy some FB. I told her only if she was comfortable throwing that money out the window. I'd expected it to top out around 42 or so within a fortnight, before beginning a descent into the 20's. I just didn't expect it to top out in the first five MINUTES. Facebook did set aside a block of stocks for purchase by "regular people" (i.e. "our loyal customers", I believe it was). There's probably going to be a lot of interesting and stupid class-action suits from that decision... Link to comment Share on other sites More sharing options...
Peter Posted May 21, 2012 Share Posted May 21, 2012 I had wanted to buy some FB. My broker (with Wells Fargo) could not get any for me. Initially, I was pissed. Now, I am laughing. Although they supposedly set aside a higher percentage of shares for retail customers, the investment bankers got first crack at the lion's share. At this point, I expect the market (not just FB) to go down. I am probably am just going to wait over the summer and see what happens. In the meantime, I do not feel sorry for the investment bankers for taking a hit rather than receiving the huge transfer of wealth that they had anticipated. As an aside, my broker told me that the IPO price already had factored in the first five years of profits. Link to comment Share on other sites More sharing options...
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